Click here for Conferences!

ACC 201

Syllabus used in previous years. This is intended to give you an idea about the class. There is no guarantee that this reflects future syllabi.

CREDIT HOURS: 3

TITLE: Principles of Accounting II

Content Outline Grading Procedures Text & References Prerequisites

  1. CATALOG DESCRIPTION:
    The application of accounting to business management with emphasis on planning, control of operations, and decision-making, including study of cost behavior; the use of cost data in job order, process and standard costing, budgeting, an introduction to international accounting, and a study of business ethics.

  2. PURPOSE:
    To provide an introduction to managerial accounting which includes the accumulation and use of accounting data for decision making with emphasis on planning, controlling, budgeting, analyzing cost behavior, and other managerial concepts. The course also introduces topics such as the statement of cash flows, financial statement analysis, and International accounting.


  3. COURSE OBJECTIVES:
    1. To continue the study of fundamental accounting concepts as a basis for understanding accounting processes.
    2. To encourage a systematic and meaningful approach to problem solving with accounting information.
    3. To integrate the accounting discipline with other comparable fields in a comprehensive approach to building business acumen.
    4. To lay the foundation for more intensive study of the accounting function and contribute to the development of professional accountants.
    5. To identify and demonstrate accounting concepts and procedures to aid managers in planning, controlling, and decision making.

  4. CONTENT OUTLINE:
    The following topics of study are included in this course:

       Chapter 15 - Introduction to Management Accounting
       Chapter 16 - Operating Costs and Cost Allocation, Including Activity-Based Costing
       Chapter 17 - Costing Systems: Job Order Costing
    EXAM I

       Chapter 18 - Costing Systems: Process Costing
       Chapter 20 - Cost-Volume-Profit Analysis and Variable Costing
    EXAM II

       Chapter 21 - The Budgeting Process
       Chapter 22 - Cost Control Using Standard Costing and Variance Analysis
       Chapter 23 - Short Run Decision Analysis
    EXAM III

       Chapter 14 - The Statement of Cash Flows
       Chapter 27 - Financial Statement Analysis
       Chapter 28 - International Accounting and Long-Term Investments
    EXAM IV

  5. INSTRUCTIONAL ACTIVITIES:
    The principal method of instruction delivery will be lecture. "Real world" examples will be cited as appropriate. Students will be called upon to express their views, explain homework or discussion problems, and elaborate on concepts introduced by the instructor. Advance preparation prior to each class meeting is critical to successful completion of the course.

  6. FIELD, CLINICAL, AND/OR LABORATORY EXPERIENCES:
    No specific field, clinical, or laboratory experience is mandated by the instructor. However, students are encouraged to attend seminars and lectures offered by the university, college, department, and various organizations (Accounting Society, Beta Alpha Psi, Alpha Kappa Psi, etc.). Familiarity with current business issues is desirable.

  7. RESOURCES:
    The principal resource for the course is the text. The study guide is a recommended supplement. In addition, students are encouraged to read business publications such as the Wall Street Journal that will enable them to become familiar with issues of concern to accountants and other business professionals.

    Students are also encouraged to join the Accounting Society and/or other business student organizations. Membership in these organizations will expose students to professionals in the area, current issues, and potential placement opportunities upon graduation.

  8. GRADING PROCEDURES:
    1. GRADING FACTORS
      Factors Final Grade Points
      Exam I
      100
      Exam II
      100
      Exam III
      100
      Exam IV
      100
      Chapter Concept Exams
      100
      Total Points
      500

    2. GRADING SCALE:
      Average   Grade
      90 or above       A
      80 - 89%       B
      70 - 79%       C
      60 - 69%       D
      Below 60%       E

    3. A passing grade is required in this class before you will be permitted to take any upper-level accounting course. Also, ACC 300 requires a grade of "C" or above in both ACC 200 and ACC 201. Students pursuing the area in accounting or accounting/computer information systems should currently be enrolled in ACC 202.


    4. Make-up exams are not normally given. In extreme cases, a make-up exam may be given if (1) the reason for missing the regular exam was beyond the control of the student and (2) the student obtains prior approval from the instructor. Students not receiving prior approval from the instructor to take a make-up exam will receive a zero for the missed exam. Make-up exams will be given on December 8, at 3:30 p.m. in BB Room 302.


    5. All students are expected to read assigned material prior to coming to class. You are encouraged not to fall behind. Consult with the instructor soon if difficulties arise.


    6. Concept exams will be given on each chapter to encourage students to read and study assigned material in advance. Other quizzes may also be given. Missed concept exams and quizzes cannot be made up.


    7. Tutoring sessions will be conducted by Beta Alpha Psi (national accounting professional and honorary fraternity). All students are encouraged to attend these tutoring sessions as preparation for exams.


    8. All examinations in the Department of Accounting are "closed" exams. This means that all test materials (test documents, scrap papers, etc.) are to be turned in upon completion of each examination. Notes, textbooks, and other reference materials cannot be used unless specifically authorized by the instructor for the exam in question. When review of a graded exam is taking place, notetaking is not permitted and, as stated above, all exam materials must be returned.


    9. A solutions manual will be available in the accounting department office(BB RM 351). The manual cannot be removed from the office and photocopying solutions is strictly prohibited. A solutions manual is also placed on reserve in the library.


  9. ATTENDANCE POLICY:
    Students are expected to attend class. Experience indicates a clear connection between attendance and success in class. The university's attendance policy and the policy for withdrawing from classes will be consistently followed. Attendance will be taken during every class period. In addition, late arrivals and early departures disturb the instructor and your classmates and will not be tolerated (except, of course, for emergencies). Attendance and tardiness records may be used to determine final course grades in borderline cases. If you are unable to attend a class meeting, it is your responsibility to obtain lecture notes, problem solutions, announcement information, etc. from a classmate. My office hours are not intended for individual class sessions.

  10. ACADEMIC HONESTY POLICY:
    The Academic Dishonesty Policy of the College of Business and Public Affairs will be consistently followed. A copy of this policy is posted in each classroom.

  11. TEXT AND REFERENCES:
    1. Text: Needles, Powers, Mills, Anderson, Financial & Managerial Accounting, 5th Edition, Houghton Mifflin Co.
    2. Study Guide: Financial and Managerial Accounting, 5th Edition, Houghton Mifflin Co.

  12. PREREQUISITES: ACC 200

  13. HANDICAP PROVISIONS:
    Students requiring special assistance due to a disability should inform the instructor as soon as possible.

  14. AUDITING THE CLASS:
    Students auditing the class or changing from credit to audit will be expected to perform all the work required of students taking the course for credit except that audit students will not take any examinations. They must attend class regularly, do all required reading assignments and homework, and participate in class discussion. Failure to meet the requirements will result in the student being administratively withdrawn from the course.



    15. SUBJECT TO REVISION

Created by: WebStormDesigns